Sophia Sommer | The Sommer Group

Sophia Sommer

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail	Assumable Loan Assumable · VA	Assumable Loan + Second Assumable · VA	Current Market Conventional New · Conventional
Loan amount	$266,821	$266,821	$713,700
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$446,879	$0
Funding fee	$1,334	$1,334	$0
Note rate	3.080%	3.080%	7.400%
Blended rate	3.080%	6.004%	7.640%
1st payment	$1,287.89	$1,287.89	$4,941.51
2nd payment	$0.00	$2,886.09	$0.00
Taxes / mo	$177.83	$177.83	$177.83
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$142.74
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,682.39	$4,568.49	$5,478.75
Cash to close	$526,179	$79,300	$79,300